New charter contracts have been awarded for drilling vessels for work in Northern Europe and Africa, while customers in the offshore wind and oil and gas markets elsewher ..
Tag: Seadrill
Last week we looked here at how China State Shipbuilding Corporation has decided to restart work on a pair of unfinished deepwater drilling rigs in Shanghai Shipyard at t ..
After announcing in October that it would liquidate the subsidiary that owns the FPSO Umuroa, and hand the idle vessel to the company administrators to maintain, remove f ..
In Saudi Arabia, Qatar and the UAE, public investment by petro-states is increasingly focused on squeezing out private sector businesses in oilfield services, especially ..
Sometimes it is not only easier to walk away, but actually better The deepwater drilling industry is in crisis, as you know. In 2020, four major owners of deepwater rigs ..
COLUMN | SBM, Sonangol and Unaoil: oil industry corruption goes on and on and on [Offshore Accounts]
Last week saw another big win in the Serious Fraud Office’s efforts to bring yet another perpetrator to justice in the UK as part of the prosecutions in the Unaoil scan ..
Charles Dickens offered only A Tale of Two Cities. This week, I offer a tale of no less than six restructurings, as the crisis in the offshore sector comes to a head. One ..
Another Christmas Eve, another frantic effort from a struggling Norwegian offshore contractor to cobble together a deal with its creditors before the end of the year. A y ..
Imagine an election where the president is a convicted murderer who killed fifteen of his opponents after ordering their torture in a UNESCO World Heritage site (here), a ..
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